Reserve Bank has granted permission HDFC to raise another Rs. 3,000 crore via Masala Bonds. HDFC has already exhausted a Rs. 5,000 crore limit to issue ‘masala bonds’.
HDFC has already raised Rs. 5,000 crore through the ‘masala bond’ route, wherein an Indian company raises money overseas denominated in Indian rupees, in four tranches.
The rate of interest for the fund raising was 8.3 per cent in the first tranche, which came down till 7.25 per cent for the last one.
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